Oct 12 2021 at 09:46
sebking1986 posted:I would say that is very high and quite risky. I haven't gone more than 2% rrr and there was the time where I did go above 3% but it was just purely based on luck. However, if you are very confident enough, then I guess it is okay.
I would say that thinking is essential to successful trading however you do raise a very valid point on the subject of setting realisitic expecations. If you are a break even trader, what evidence do you have that you should be aiming for say 5% a month for example? Aim to make any profit (with the same level of rsk).
Oct 12 2021 at 10:10
I used 5% as an abritrary number. This is based on 1% risk per trade. But yes if you are break even consistently then making a few tweaks to try and get to 0.5% profit at the end of the month is progress and not to be sniffed at. My point is don't expect to be a losing trader and then be breezing through an FTMO challange a month later. Social media has created false expectations for people coming into trading.
If you can't spot the liquidity then you are the liquidity.
Oct 12 2021 at 11:15
A top hedge fund manager will make 10-20%. And that is PER YEAR!!! Just think about that when you want to make 5% per week. Keep your targets realistic
Oct 12 2021 at 12:54
how is it not necessary to think? you always need to think about your actions, so as not to get absurd results later
Oct 12 2021 at 13:05
In trading, you need to think. Otherwise, a positive result is simply not worth waiting for.
Oct 12 2021 at 17:20
I originally thought you meant that we shouldn't think while trading based on the title, lol. Having unrealistic goals just sets you up for disappointment when you don't meet them. Instead, I think it's important to celebrate the small victories and to start by patting yourself on the back for *not* losing money.
Oct 15 2021 at 07:37
Learning constantly about forex can give an edge to a trader in the market.
Oct 15 2021 at 09:21
Yes, it's very true that one should keep their targets realistic as you cannot aim for such high returns as this would be similar to gambling and wouldn't make sense.
Oct 15 2021 at 09:43
In trading, the opposite is true - you need to think very well. This industry is far from the easiest and requires certain knowledge.
Oct 15 2021 at 11:35
Having realistic goals in forex trading will help you a lot. It's not easy, but it's effective.
Oct 17 2021 at 09:51
working without thinking is bad advice, don't do it
Oct 21 2021 at 10:11
I guess we should think, but not always. We should think only in case we need to make a choice, whether we open a position or not, according to the results of technical or fundamental analysis. In other cases we would better not think too much. We shouldn't think that something might go wrotn or something like that. We must stay emotionless until the deal is expired. Only after the expiration of our deal we can start analyze the next one, or in case of mistake, we have to dedicate couple of minutes to the analysis of mistakes. However, professional advice not to analyze lost deals, only those which brought us profits.
Oct 21 2021 at 15:10
not think about what? there is little you can achieve in life without thinking
Oct 21 2021 at 19:28
strategy and ea, no human brain while trading xd
Oct 22 2021 at 12:08
Forex market is easy to trade and you can become profitable overnight is not what traders should think.
Oct 22 2021 at 15:47
Forex market is very uncertain. Thus, it may not work for us if you set a goal or an amount to earn from this market in a particular month/week. Some months/week may not produce good result, some may produce amazing profit. This is how it works. Let us concentrate in trading more so we can only trade on a solid trade setup with proper money management, discipline, and patience. Then, we take whatever it gives us.
Oct 23 2021 at 11:10
What then should a trader do? As for me, thinking is the main task of a trader.
Oct 27 2021 at 14:47
@croisssan I think you didn't read the post just read the post topic. He said we should not think or set any unrealistic profit target. And he is right. That's bad for trading.
Oct 27 2021 at 15:41
Thinking without vision is lethal!
Oct 28 2021 at 07:21
no_frame posted:True. Some people think of forex as a get rich quick scheme.
Forex market is easy to trade and you can become profitable overnight is not what traders should think.
